GMG - Goodman Group

[stefan_invester]

yeah fair enough, just proves that life isnt all
peaches and cream, ive had my fair share of ups and downs too
the worst has been ELD, followed by CXS, ARM and CFU,
but if also had a few gains by GMG before when i bought at 0.58, and
the really good one so far for me has been AUT. ive also
been up with NMS, but i bought back in, and am down again haha imo
i really suck at this

 

[stefan_invester]

hey
dont know if anyone else notices, but today
in the last 10 minutes of trading after 4:00pm
GMG's volume doubled in those last 10 minutes.
and if you look at the graph, it has been going up in a
nice trend for the past 4 days....
does anyone have an idea of what could be causing this?
or how long it can last?
thanks
stefan

 

[No Gain]

Bloomberg reported the following today, but no announcements are made by Goodman to the ASX. Does anyone know when a listed company must report?

From Bloomberg:
"Goodman Group (GMG AU): Australia’s biggest industrial real-estate investment trust and Goodman Hong Kong Logistics Fund sold a property site in Hong Kong’s Tsuen Wan district for HK$875 million ($113 million), according to an e-mailed statement yesterday. Goodman Group shares climbed 2.3 percent to 66 Australian cents."

 

[aussie2004]

any one watching this stock

 

[aussie2004]

Can anyone tell me why GMG has dropped so hard the last few days?

 

[enigmatic]

Yeah keen watcher of GMG it has been interesting to see it stall recently while the rest of the market continues to grow. there PE is less then 12 so i expect sp growth in the future however this may be held back until more debt is removed from the books

 

[StumpyPhantom]

GMG has just breached 70 cents today, which is a precursor to the mid-70's in the short-term. It's business is high-end logistics and in the booming internet sales market so it's a real niche in the long-term. However, I expect it to pull back if Europe and/or China go bust, at least on a fear/panic driven basis. SO anything below 60 cents will be a great pickup - I just wish I'd bought some more at 52 cents just a couple of months ago. Ah well, hindsight's a very clever thing..!!

 

[So_Cynical]

GMG has just breached 70 cents today, which is a precursor to the mid-70's in the short-term. It's business is high-end logistics and in the booming internet sales market so it's a real niche in the long-term. However, I expect it to pull back if Europe and/or China go bust, at least on a fear/panic driven basis. SO anything below 60 cents will be a great pickup - I just wish I'd bought some more at 52 cents just a couple of months ago. Ah well, hindsight's a very clever thing..!!

I'm sure they were trading at like 16 cents at the GFC Bottom, just 3 years ago when almost everyone thought the warehouses of the world would empty.

 

[nulla nulla]

The four (4) year chart shows gmg fell from over $4.00 to the low of arround $0.125 in March 2009 and has been pretty much range bound between $0.56 and $0.76 for the last three years. All the Australian REIT's hit extreme lows at the nadir of the gfc. Most were sold down aggresively by the hedge funds due to their high levels of debt. Most went back to the market to raise capital and reduce debt.



The two year chart shows that you could probably trade the volitility but, in my opinion, their are better opportunities among the reit's. Also imo, it is not a share for any buy and hold scenario's.

 

[StumpyPhantom]

Thx Nulla Nulla - your commentary and opinon are noted. I got into GMG a year before the GFC and just kept doubling my bets as it hit the low 20's, so my retirement fund is now hingeing on me doubling my average prive of about 38 cents over 4 years. When it hits 70 cents (which should be next couple of weeks), I'm out and will take your advice about better bets elsewhere...

 

[nulla nulla]

Thx Nulla Nulla - your commentary and opinon are noted. I got into GMG a year before the GFC and just kept doubling my bets as it hit the low 20's, so my retirement fund is now hingeing on me doubling my average prive of about 38 cents over 4 years. When it hits 70 cents (which should be next couple of weeks), I'm out and will take your advice about better bets elsewhere...

Actualy it is an opinion only and not advice. I could easily be completely wrong. I often am .

 

[StumpyPhantom]

Can anyone explain this move on GMG after the close of trade on Friday 23 March 2012?

"4:12:12 PM 0.974 3,000,000 2,921,400.000 S1 XT"

3 million shares were bought at 27.4 cents above the closing price. Does that suggest a foreign takeover play or just that some billionaire has more money than sense?

 

[StumpyPhantom]

The four (4) year chart shows gmg fell from over $4.00 to the low of arround $0.125 in March 2009 and has been pretty much range bound between $0.56 and $0.76 for the last three years. All the Australian REIT's hit extreme lows at the nadir of the gfc. Most were sold down aggresively by the hedge funds due to their high levels of debt. Most went back to the market to raise capital and reduce debt.

Hey Nulla Nulla, a big 3.64% rise today for GMG, so grateful if you have an uptodate chartist's view about where it's headed now.

I'm glad I hung in there...

 

[Garpal Gumnut]

Noice

gg

 

[StumpyPhantom]

Here's hoping for a big interest rate cut from the RBA tomorrow to boost all REIT's but in particular GMG.

Does anyone have any prediction about the REIT/interest rate relationship they can superimpose/predict the events tomorrow?

 

[greggles]

Goodman Group has been having a good few months. $421.3 million operating profit in 1H FY18 results announced on 14 February and it has kept heading north since then.

 

[rnr]

GMG's price has been gradually rising since the low of 2009....although bearish divergence is present is price set to breakout from higher resistance yet again?

 

[Dona Ferentes]

GMG has been one of the few listed property plays that have benefited during Covid-19. Bit of a dip in March but has come back well.

We have experienced increased demand for both temporary and permanent space from customers in the food, consumer goods and logistics sectors, particularly related to e-commerce operators and those transitioning to online”

- Greg Goodman, CEO, Goodman Group

GMG is a "global integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. GMG comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited. GMG operates four divisions namely Property Investment, Fund Management, Property Services and Property Development."

 

[johnb1]

Total Shareholder Return (avg annual rate)

1yr	3yr	5yr	10yr
43.2%	38.4%	33.2%	29.0%

Looks good for long term investment.

 

[finicky]

Lame.
There's a pre-existing thread for GMG:

GMG - Goodman Group

After a long descent this one looks to be recovering and why not with a dividend of 70% at 38 cents down from $7.00

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